Bank of New Hampshire Grows Position in GE Vernova Inc. $GEV

Bank of New Hampshire boosted its holdings in shares of GE Vernova Inc. (NYSE:GEV) by 53.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,021 shares of the company’s stock after acquiring an additional 355 shares during the period. Bank of New Hampshire’s holdings in GE Vernova were worth $540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in GEV. IMA Advisory Services Inc. purchased a new stake in shares of GE Vernova in the 1st quarter worth approximately $27,000. Orion Capital Management LLC bought a new position in GE Vernova in the fourth quarter worth approximately $30,000. EQ Wealth Advisors LLC bought a new position in GE Vernova in the first quarter worth approximately $27,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in GE Vernova by 115.2% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the company’s stock worth $30,000 after buying an additional 53 shares during the period. Finally, 1248 Management LLC purchased a new stake in GE Vernova during the first quarter worth $31,000.

GE Vernova Price Performance

NYSE:GEV opened at $628.09 on Tuesday. The company’s fifty day moving average price is $610.59 and its 200-day moving average price is $471.14. GE Vernova Inc. has a 1-year low of $225.24 and a 1-year high of $677.29. The firm has a market capitalization of $170.98 billion, a P/E ratio of 151.35, a PEG ratio of 4.32 and a beta of 1.87.

GE Vernova (NYSE:GEV) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.63 by $0.23. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $8.78 billion. GE Vernova had a net margin of 3.16% and a return on equity of 13.23%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $4.65 earnings per share. GE Vernova has set its FY 2025 guidance at EPS. Equities analysts anticipate that GE Vernova Inc. will post 6.59 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, July 21st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, July 21st. GE Vernova’s dividend payout ratio (DPR) is currently 24.10%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. TD Cowen lifted their price target on GE Vernova from $390.00 to $685.00 and gave the company a “buy” rating in a report on Friday, July 25th. Wolfe Research lowered GE Vernova from an “outperform” rating to a “peer perform” rating in a research note on Friday, June 13th. Wall Street Zen downgraded shares of GE Vernova from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Citigroup raised their price target on shares of GE Vernova from $544.00 to $670.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Robert W. Baird lifted their price objective on shares of GE Vernova from $568.00 to $706.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $592.35.

Insider Transactions at GE Vernova

In other GE Vernova news, CFO Kenneth Scott Parks sold 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total value of $2,046,000.00. Following the sale, the chief financial officer owned 7,590 shares in the company, valued at approximately $4,705,800. This represents a 30.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.15% of the company’s stock.

About GE Vernova

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.